Is a radical increase in minimum wage a catalyst towards slavery
Posted by Dobrien 9 years, 1 month ago to Government
I feel the dependent on entitlements class , the unemployed will increase with wages set by govt.mandate versus supply vs demand. When dependent you become enslaved .
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Because the law isn't trying to make peasants out of peasants, but out of small business owners. Minimum wage hikes drive small businesses out of business entirely, swelling the ranks of the peasant class. Hikes also enrage the peasants against the middle class - rather than the self-proclaimed lords - by blaming them for the lords' own rulings!
Some of the laws -- Los Angeles', and I think Philadelphia's -- exempt union-represented employees from the higher pay requirement. Thus the unions gain members while making us all worse off.
Employment is about to be controlled by them too. Set the minimum wage and you cut out the possibility of getting a job that you may NEED, but no one can pay you less than the federal minimum so the job doesnt exist at all.
That leaves welfare if your skills and opportunities arent worth $15. So it is slavery.
The next government control will be that its forbidden to lay anyone off (does that sound like 10-289?). This will be necessary, and quickly, to prevent mass layoffs due to the minimum wage hike.
I was just thinking this morning about how bad the GOP has screwed up and blew it...
Re : ACA I agree "it's moving coins around stacking them in different piles" right it takes healthcare dollars from producers and gives those dollars to moocher looters to moochers
I think it would affect rural young people more. I'm not sure what affect it would have on urban area, but gut feeling is less. I think in all areas it would increase under-the-table work.
"I wonder how the ten year experienced employee who received raises over the years reaching that level of pay will feel?"
I think they'd be less affected. They might benefit in some ways because the market will need people with higher productivity, which in some jobs comes with experience, who can justify the higher prices.
Thinking about the winners and losers of bad policy reminds me of how I think we approach healthcare. It's like we're moving coins around, stacking them in different piles, trying somehow to make them worth more than they are.
There is a lot of talk these days about how "We" are our brothers keeper...that is not true, however when government or anyone else for that matter, gives a handout instead of a hand up...you become their keepers.
Economically, we know how this goes; Wages go up without competence and increased productivity, prices go up; Now, wages must go up so that one can pay for the higher cost of products and services...then prices must go up again. Consider what once cost .05 cents now costs $5.00 and the product is the same now as it was then,
I wonder how the ten year experienced employee who received raises over the years reaching that level of pay will feel?
It's a way to feel like we're doing something about poverty while actually making things slightly worse.
Moveon.org Is petitioning for that increase. Sanders is , DC raised it to that. LA city as well. Raising LA employment payroll expense $7.5 billion. This is another attack on small businesses the true life blood of job creation.
If min wage were higher than the equilibrium price for unskilled worked, it would create unemployment; just as any price floor creates surplus supply. I don't think that's happening now, so it's primarily a thing to get people fired up about. Raising it won't improve the life of the poor or bring about slavery. They could abolish it altogether tomorrow or raise it 20% without it really affecting things much.
Did I leave anything out.